US commercial crude inventories fell by 3.7 million barrels last week against a forecast of −1.9M. Five consecutive weeks of draws — the longest streak since last summer — point to robust demand at the peak of driving season.

Brent holds above $85 per barrel while WTI trades near $81.6. Traders await the monthly OPEC report: confirmation of the global demand growth forecast would support the current upward impulse.

Non-OPEC supply remains the limiting factor: record output from the US and Brazil caps the potential for a rally above $90 without additional supply shocks.